A written nonnegotiable obligation to a person or persons who, or some of whom, are dead at the time of its execution, may be proceeded on by the representative of that person or by the survivor, as if it had been executed in the lifetime of the deceased person.
Effective: October 1, 1942

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Terms Used In Kentucky Statutes 371.060

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 477.